The discovery of a North Korea-related developer that contributed to the cosmos code between 2022-2024 triggered improved security measures, while major exchanges expand staking options for atom holders despite market pressure.
Atom is currently trading at $ 4.086 after losing 5.52% of its value over the past 24 hours.
Technical analysis
- A sharp sale-off occurred during the period 22: 00-23: 00 hours on June 16th with an extremely high volume (1.4m+), establishing a resistance to $ 4.29.
- Support appeared around $ 4.06- $ 4.07 with increasing volume, suggesting potential stabilization.
- The general momentum remains bearish with lower highs that make up many timeframes.
- A well -known recovery took place in the final time, climbing from $ 4.077 to $ 4.084 (0.17% increase).
- The significant bullish momentum between 13: 24-13: 30 saw the climb of the atom from $ 4.076 to $ 4.096 in the raised volume.
- Time -oras near $ 4.084 suggests stabilizing above the $ 4.07 support level.
